Article Quote: “…information circulated about the inclusion in the draft of the federal general budget law for 2027 of a new exchange rate of 1,500 dinars per dollar…Raising the price used in the budget would give the Iraqi treasury a larger amount of dinars compared to the oil revenues collected in dollars, which could help the government cover part of
its obligations and public expenditures and reduce the account deficit gap. On the other hand, adopting a higher official dollar exchange rate has direct implications for the purchasing power of the dinar and the cost of imported goods, especially since the Iraqi economy relies heavily on imports to cover local demand for food, medicine, consumer goods and equipment…”
